Global X HealthTech ETF (NASDAQ:HEAL) Short Interest Update
by Mitch Edgeman · The Markets DailyGlobal X HealthTech ETF (NASDAQ:HEAL – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 37,633 shares, an increase of 596.8% from the May 31st total of 5,401 shares. Based on an average daily volume of 8,253 shares, the days-to-cover ratio is presently 4.6 days. Currently, 3.8% of the company’s stock are sold short.
Global X HealthTech ETF Stock Performance
HEAL traded up $0.62 on Friday, hitting $27.63. The company had a trading volume of 5,729 shares, compared to its average volume of 11,418. The stock has a market capitalization of $27.63 million, a price-to-earnings ratio of 42.80 and a beta of 1.12. The stock has a fifty day moving average price of $25.44 and a 200-day moving average price of $26.74. Global X HealthTech ETF has a 12-month low of $23.00 and a 12-month high of $33.59.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of HEAL. Glenmede Investment Management LP bought a new position in shares of Global X HealthTech ETF during the 3rd quarter worth approximately $31,000. Banque Cantonale Vaudoise acquired a new stake in Global X HealthTech ETF in the third quarter valued at approximately $37,000. Royal Bank of Canada grew its holdings in Global X HealthTech ETF by 39.4% in the first quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $62,000 after purchasing an additional 736 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Global X HealthTech ETF by 26,522.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,396 shares of the company’s stock worth $70,000 after purchasing an additional 2,387 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Global X HealthTech ETF during the fourth quarter worth $111,000.
About Global X HealthTech ETF
An ETF that invests in companies at the intersection of healthcare and technology, targeting innovations in drug discovery, medical devices, consumer healthcare, and analytics.